In my next several posts I’ve decided to discuss several aspects of Real Estate.
Most agents will debunk some of the comments I’m going to make, but for me it’s just a matter of time before they come to their senses.
Let’s start with listing commissions. In Atlanta a listing agent may charge 3.00% of the contracted sales price to list and sell your home. But, I would consider 3.00% of the contracted sales price quite a high price for services rendered. Most people understand the general concept of the selling process, but do they really? Let’s Examine!!
Most purchasers (approximately 95%) begin their home search online (shocker, I know). When an agent places your home in the MLS system(s), all other Real Estate websites pull this information from the IDX Feed sent out by the these system(s). In Atlanta there are two MLS systems; The GAMLS (Georgia Multiple Listing Service) and the FMLS (First Multiple Listing Service). I believe Zillow.com is an exception to this rule, but that’s OK, we list with them as well.
So, what I’m saying is your home is listed on about 10,000 websites (In the Atlanta Area) as soon as the agent places your home in the GAMLS and FMLS. It’s just not rocket science. Now, I’m definitely not suggesting this is the only marketing mechanism needed to sell your home, but I can guarantee it is one of the most important.
The internet has streamlined the selling process, but commission structures haven’t changed much. Who’s the winner here? The agents!! Don’t overpay to list and sell your home.
We have three listing plans to choose from.
Please visit us at: HomeAtlantaGa.com